| Tuesday, May 24, 2011 |
| 12:30 PM - 01:30 PM Eastern Daylight Time |
Morgan Lewis partner Brian Hector will participate in an NCEO webinar on "Handling the Repurchase Obligation—Legal Issues."
Closely held ESOP companies have a specific legal obligation to buy back stock from departing and diversifying employees. This webinar will describe these requirements and explore than various alternative approaches you can use on such issues as the timing, form, and requirements for distributions, including lump-sum versus installment payments, account segregation at termination, changing when distribution occurs, diversification requirements, what valuation to use, and more.